Welcome to my Magellan International Alliances Review!
Now whether you are here because you’ve heard the buzz around this company or simply because it fell in your lap doesn’t matter.
At least you are here and that is what matters.
No matter what your educational background is, the MLM world always provides great ways to start building skills that can be used anywhere.
And today, we shall get cracking with a prime opportunity right here, right now!
We are going to be talking about this company’s history, products, compensation plan, cost to join, as well as ending off with my own verdict.
So, what are we waiting for?
Let’s get started!
Magellan International Alliances Review – The Company
Magellan International Alliances (What a mouthful!) seems to operate on the cryptocurrency side of MLM.
Magellan has connections to an address in Ireland, supposedly under the control of Company Formations International.
But where are the physical operations running from?
Do they even exist?
After some heavy research, I found out that Jef Welch was assigned as the CEO in August to the company…
He is said to be based out of Georgia, but what about Magellan International Alliances?
On the corporate website, Welch revealed:
“I have served in the Direct Sales industry for approximately 40 years in management, establishing international teams, and traveling to almost 70 countries, with respect of the many various cultures around the world.
I chose to align my name and reputation with Magellan, due to the integrity and vision expounded by the Strategic Partnership Alliance.”
Wanna hear something else interesting?
It turns out that Welch was recently tied to CGI Limited, where he was apparently laundering funds tied to investment in unregistered securities.
A CGI Limited review reveals that the company was an elaborate crypto gambling service in the US associated with the BetChip altcoin and Coin-sinos casino.
They even went as far as to claim that their BetChip was accepted “by a number of casinos” all across the US…
Let me just clarify something…
THIS IS ILLEGAL!
Especially in the US as per the Unlawful Internet Gambling Enforcement Act.
And then back in April they rebranded themselves as CGI Global and abandoned Coinsinos
And now Magellan International Alliances is simply their new driver.
If you want to look into companies that are not so illegal, check out Activz, Usana and Kyani.
Magellan International Alliances Reviews – The Products
Magellan International Alliances doesn’t have any products or services for affiliates to purchase or sell.
But anyone wanting to sign up as an affiliate with Magellan International Alliances can market the company affiliate membership.
This exclusive membership provides access to BetChip altcoin investment.
What is BetChip, you ask?
BetChip, previously tied to illegal gambling, has been reinvented as an e-commerce platform currency, used in selected stores and services online.
It’s meant to bring shopping to your fingertips, just as services like Amazon and Shopify do.
I found this on their website:
“Our community of members can experience discounts and savings from many of the leading brands around the world.”
The Magellan International Alliances Compensation Plan
Magellan International Alliances affiliates are expected to invest in BetChips, as shown in the rankings below:
- Bronze – Invest $100 and receive $100 in BetChips
- Bronze Elite – Invest $500 and receive $500 in BetChips
- Silver – Invest $1000 and receive $1000 in BetChips
- Silver Elite – Invest $5000 and receive $5000 in BetChips
- Gold – Invest $10,000 and receive $10,000 in BetChips
- Gold Elite – Invest $25,000 and receive $25,000 in BetChips
- Platinum – Invest $50,000 and receive $50,000 in BetChips
Commissions are paid when affiliates sponsor others to do the same.
Daily ROI
Each Magellan International Alliances affiliate package is linked to a “Power 365” daily ROI payout for eight months, beginning 60 days after the date of investment:
- Bronze – 0.33 cents a day rounded to $10 a month, total annual ROI = $100)
- Bronze Elite – 82 cents a day rounded to $25 a month, total annual ROI = $250
- Silver – $1.64 a day rounded to $50 a month, total annual ROI = $500
- Silver Elite – $3.27 a day rounded to $100 a month, total annual ROI = $1000
- Gold – $16.39 a day rounded to $1000 a month, total annual ROI = $10,000
- Gold Elite – $81.97 a day rounded to $2500 a month, total annual ROI = $25,000
- Platinum – $163.93 a day rounded to $5000 a month, total annual ROI = $50,000
Recruitment Commissions
Magellan International Alliances pay recruitment commissions through a unilevel compensation structure.
You should note that each Magellan International affiliate investment package is tied to a lesser amount of sales volume.
- Bronze – 50 BV
- Bronze Elite – 250 BV
- Silver – 500 BV
- Silver Elite – 2500 BV
- Gold – 5000 BV
- Gold Elite – 12,500 BV
- Platinum – 25,000 BV
Magellan International Alliances caps payable unilevel levels at five, with commissions paid out as a percentage of funds invested:
- Level 1 (personally sponsored affiliates) – 10%
- Level 2 – 8%
- Level 3 – 6%
- Level 4 – 4%
- Level 5 – 2%
Residual Commissions
Magellan International Alliances pays residual commissions through a binary compensation structure.
Each level will have every individual affiliate sponsoring up to two more affiliates, doubling up each time.
Sponsorship can be both direct and indirect, with no limit on how many affiliates can join.
Residual commissions are calculated using the same BV values used to calculate recruitment commissions as seen above.
At the end of each day, the company will add up the new investment volume on both sides of the binary team.
Just as always, the BV generated on the weaker binary side will reflect affiliates being paid 10% of invested funds across their team.
Leftover volume on the stronger side will simply carry over.
Matching Bonus
Magellan International Alliances also seems to provide a 5% Matching Bonus on residual commissions earned by personally sponsored affiliates.
This Bonus is paid on up to six generations within a unilevel leg.
This company defines a generation in a unilevel leg when a Navigator or higher ranked affiliate is found in that leg, capping off the first generation and carrying onwards.
Using this generational structure, Magellan International Alliances pays a Matching Bonus as follows:
- Navigators earn a 15% match on one generation
- Navigator 1 Stars earn a 15% match on the first generation and 20%on the second
- Navigator 2 Stars earn a 15% match on the first generation and 20% on the second and third
- Navigator 3 Stars earn a 15% match on the first generation, 20% on the second and third and 10% on the fourth
- Navigator 4 Stars earn a 15% match on the first generation, 20% on the second and third, 10% on the fourth and 5% on the fifth
- Navigator 5 Stars earn a 15% match on the first generation, 20% on the second and third, 10% on the fourth, 5% on the fifth and 2% on the sixth
Unfortunately, I was unable to find affiliate ranking criteria on the corporate website to provide you the information.
Cost to Join Magellan International Alliances
Magellan International Alliances affiliate membership is tied to investment in BetChips:
- Bronze – $100
- Bronze Elite – $500
- Silver – $1000
- Silver Elite – $5000
- Gold – $10,000
- Gold Elite – $25,000
- Platinum $50,000
Verdict on Magellan International Alliances
Now, for my favorite part of blogging – the final judgement.
And cue the dramatic music.
Honestly, after the whole Coin-sinos mess, it just seems to me that BetChips is their new hope to kick start this whole thing again.
There are too many strings attached to their corporate structure for starters.
When MLMs do not have a physical business stated on their website, it kinda puts up a red flag to be wary of.
But regardless of what type of crypto is being offered, investment in altcoin with the expectation of a passive ROI is a securities offering.
However, none of the execs of this company are registered to SEC.
Which means Magellan International Alliances is offering illegal unregistered securities in the US.
There is simply no proof that this company is registered in any jurisdiction of the world.
In my research, I could only find concrete evidence of revenue coming from new investments rather than other forms of income.
So, remember those daily “Power 365” ROI payouts? They may simply be newly invested funds used to pay existing investors.
If that is the case, then this company joins the dime a dozen companies that fall under the Ponzi scheme category of MLM.
After all, the information about BetChips is so limited…
In fact, CGI Global appear to be holding these pre-generated coins and giving them to naïve affiliates at a fixed $1 internal value.
But they are worthless outside of the company…
A collapse is bound to be just around the corner as new investors get a whiff of the fishiness surrounding Magellan International Alliance.
I hope you enjoyed my Magellan International Alliances review and if you have any questions or comments leave them below…
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